Doha: King Abdullah bin Abdul Aziz has told the Ministry of Petroleum and Mineral Resources to give Saudi Aramco all the infrastructure aid necessary to speed up the development of the first phase of the Jazan Economic City (JEC).
Aramco, the largest investor in the city, is building a refinery and a power plant for the new city and has also been entrusted with redeveloping the port, located in the southwest of the kingdom (see picture).
The Jazan Refinery will process 400,000 barrels per day of Arabian Heavy and Arabian Medium crude oil to produce gasoline, ultra-low sulfur diesel, benzene and paraxylene by 2016. Meanwhile, the new port on the Red Sea will be able to handle VLCCs.
Khaled Al-Falih, president and CEO of Saudi Aramco, said: “At present, Saudi Aramco is carrying out land leveling for the industrial port, and infrastructure works for the port facilities, besides going to implement the first phase of infrastructure for JEC in order to develop basic and downstream industries as well as a residential zone.”
The total area of JEC is 102m sq m and it's targeting heavy and petrochemical industries, vital supplies of energy, mineral industries, manufacturing and also the shipbuilding industry. [25/03/13]